Search found 653 matches

by camillus
Sun May 24, 2020 2:23 am
Forum: Personal Finance (Not Investing)
Topic: Worried about sibling financial future
Replies: 31
Views: 3913

Re: Worried about sibling financial future

They might be specialists at living with a very low income, and so they don't consider themselves as having a problem. If you are interested in developing a relationship, that's one thing, but I don't think you have very much in common.
by camillus
Sun May 17, 2020 3:31 am
Forum: Personal Investments
Topic: Saving for a home with student loans
Replies: 12
Views: 747

Re: Saving for a home with student loans

I would not personally consider saving for a home with that much debt at those rates. You may be creating a false dichotomy. You can have a child and live in a nice place while not owning. In fact, renting during this time gives you a lot of flexibility to only "consume" as much housing as you reall...
by camillus
Thu May 14, 2020 8:27 pm
Forum: Personal Consumer Issues
Topic: Secrets to a great lawn
Replies: 65
Views: 5188

Re: Secrets to a great lawn

I feel much happier now that I’m letting much of our lawn become more meadow-like. The birds, and butterflies, and frogs, and turkeys, and deer, etc are much happier also. If it’s green or yellow or purple or anything but dirt brown, it’s fine. This is also my approach. I seeded my lawn with clover...
by camillus
Wed May 13, 2020 9:07 pm
Forum: Personal Finance (Not Investing)
Topic: Family member returning borrowed money?
Replies: 27
Views: 3062

Re: Family member returning borrowed money?

I also suggest keeping the memo line blank.
by camillus
Fri May 01, 2020 8:37 pm
Forum: Personal Consumer Issues
Topic: Front load washing machine recommendations
Replies: 98
Views: 4657

Re: Front load washing machine recommendations

Here at bogleheads we recommend staying away from front loads and stick with something with low fees.
by camillus
Sun Apr 26, 2020 1:43 pm
Forum: Personal Investments
Topic: Add money to 529 from HELOC
Replies: 14
Views: 493

Re: Add money to 529 from HELOC

By not using a HELOC, you are getting a guaranteed 3% return on your cash flow. Do you see any CDs with that rate?

As mentioned above, deducting interest on a HELOC used to fund investments is a crime.
by camillus
Thu Apr 23, 2020 8:18 am
Forum: Personal Investments
Topic: 24 Year Old Nurse [seeking help]
Replies: 21
Views: 2958

Re: 24 Year Old Nurse [seeking help]

A few things to consider: 1) I believe Roth IRAs can be used for educational expenses without penalty. Other bogleheads might have to help with the fine points, but this is potentially a point in favor of maxing out Roth IRA contributions. Max out the Roth IRA and decided later if you are going to p...
by camillus
Tue Apr 21, 2020 7:21 pm
Forum: Personal Consumer Issues
Topic: Is walking enough cardio exercise if I also lift weights?
Replies: 65
Views: 4890

Re: Is walking enough cardio exercise if I also lift weights?

Bring your dumbbells along for the walk.

Or, look up kettlebell/dumbbell swings HIIT sessions.
by camillus
Mon Apr 20, 2020 10:40 am
Forum: Investing - Theory, News & General
Topic: contributing to etfs vs mutual funds during volatility
Replies: 3
Views: 200

contributing to etfs vs mutual funds during volatility

Hi all, A friend of mine who invests exclusively in mutual funds was asking if I thought that contributing to ETFs with specific orders would be better than what he was doing currently. He was referencing market volatility. The theory is that he could set limits in order to make contributions at a b...
by camillus
Sun Apr 19, 2020 9:01 am
Forum: Personal Finance (Not Investing)
Topic: Are we doing everything we could with personal finances?
Replies: 17
Views: 2432

Re: Are we doing everything we could with personal finances?

2. Roll over 401ks from previous jobs to a single traditional IRA at Fidelity/Vanguard. 3. Choose to do a backdoor Roth from there if you want: Those two steps are inconsistent. Rolling the 401ks to IRAs will prevent the backdoor Roth. I suppose you are right. I don't know enough about that. OP, lo...
by camillus
Sun Apr 19, 2020 9:00 am
Forum: Personal Investments
Topic: Recommended stock and bond ratios for 529s?
Replies: 12
Views: 602

Re: Recommended stock and bond ratios for 529s?

I recommend viewing your 529 as one part of your portfolio, and hold 100% equities there. This would be balanced by a corresponding bond position in your 401k to achieve a holistic asset allocation. If stocks do really well, whoopie, you have more tax free dollars in your 529. If stocks do poorly, y...
by camillus
Sun Apr 19, 2020 1:35 am
Forum: Investing - Theory, News & General
Topic: Are you comfortable with your emergency fund arrangements?
Replies: 44
Views: 3480

Re: Are you comfortable with your emergency fund arrangements?

If I think objectively about it, I am comfortable. I find I am a bit anxious though. Plan: scaling way back on lifestyle/expenses (dual income helps mitigate emergency) 30k cash in checking Roth contributions, offset by selling bonds in 403bs credit cards, etc If we have a problem, most everyone wil...
by camillus
Sun Apr 19, 2020 1:29 am
Forum: Personal Finance (Not Investing)
Topic: Are we doing everything we could with personal finances?
Replies: 17
Views: 2432

Re: Are we doing everything we could with personal finances?

Here's your todo list from a fellow Michigander: 1. Pay off mortgage. 2. Roll over 401ks from previous jobs to a single traditional IRA at Fidelity/Vanguard. 3. Choose to do a backdoor Roth from there if you want: https://www.nerdwallet.com/blog/investing/backdoor-roth-ira-high-income-how-to-guide/ ...
by camillus
Sat Apr 18, 2020 9:07 pm
Forum: Personal Consumer Issues
Topic: Expecting Child #1 - Cost Saving Ideas?
Replies: 55
Views: 2110

Re: Expecting Child #1 - Cost Saving Ideas?

ALDI sells moderate quality diapers for cheap. I think these should be the default option if you live near an ALDI. I would really try for a "buy as you go" approach when it comes to gadgets and stuff. Really, the big challenge is not losing your mind and buying everything. Just repeat the mantra, "...
by camillus
Fri Apr 17, 2020 10:17 pm
Forum: Personal Consumer Issues
Topic: Frugal quarantine habits to keep
Replies: 87
Views: 8230

Re: Frugal quarantine habits to keep

Already had a bidet :D Also, a year ago I bought a good amount of lifting equipment. I work out in my garage early in the morning before my young kids wake up. I do dips between sawhorses and feel pretty badass. Also deadlifts, squats, overhead press, floor press instead of bench press to avoid dyin...
by camillus
Thu Apr 16, 2020 8:23 am
Forum: Investing - Theory, News & General
Topic: Gold $1600 Oz - When?
Replies: 252
Views: 16631

Re: Gold $1600 Oz - When?

It was APMEX, online. I had never done it before, but because of reviews on bogleheads I felt comfortable. The funds are arriving in my checking account today.
by camillus
Wed Apr 15, 2020 9:10 pm
Forum: Investing - Theory, News & General
Topic: Composition and safety of TIAA traditional annuity
Replies: 147
Views: 14493

Re: Composition and safety of TIAA traditional annuity

The second my wife’s small school employer allows another 403(b) provider, we will be fleeing TIAA. They are overcharging retirement accounts. What happens when they can’t compete with low cost providers? In what way are they overcharging? 1) Is TIAA the plan provider, or is there another third par...
by camillus
Wed Apr 15, 2020 5:44 pm
Forum: Investing - Theory, News & General
Topic: Gold $1600 Oz - When?
Replies: 252
Views: 16631

Re: Gold $1600 Oz - When?

Sold a single krugerrand two days ago for $1712.
by camillus
Wed Apr 15, 2020 5:35 pm
Forum: Investing - Theory, News & General
Topic: Composition and safety of TIAA traditional annuity
Replies: 147
Views: 14493

Re: Composition and safety of TIAA traditional annuity

It is also concerning that TIAA has lost some colleges recently, such as Michigan State U. How much longer will colleges continue to buy into a family of funds with high ERs and some recent bad publicity? I don't have an answer. The second my wife’s small school employer allows another 403(b) provi...
by camillus
Wed Apr 15, 2020 5:18 pm
Forum: Personal Finance (Not Investing)
Topic: Help us save more money on a monthly basis.
Replies: 50
Views: 3325

Re: Help us save more money on a monthly basis.

If you think you should be saving $3K a month, why not try the old 'pay yourself first' method -- put 3K a month into savings and then live off the balance. Rather than trying to find places to trim (which is hard, because you want to do all the things you're normally doing), take that money right ...
by camillus
Sun Apr 12, 2020 3:48 pm
Forum: Personal Finance (Not Investing)
Topic: Make Changes to Car Insurance? Not Driving Much Anymore
Replies: 8
Views: 470

Re: Make Changes to Car Insurance? Not Driving Much Anymore

We put our second car into "storage" and got a $400 refund from an annual premium.
by camillus
Thu Apr 09, 2020 12:30 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage payoff - Am I crazy?
Replies: 81
Views: 5444

Re: Mortgage payoff - Am I crazy?

I’m going to be that guy.

If the house were paid off currently, would you do a cash out refinance in order to invest?
by camillus
Wed Apr 08, 2020 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: What to do with excessive EF?
Replies: 13
Views: 1463

Re: What to do with excessive EF?

What to do with excess emergency fund?

Idea: invest in taxable in equities. Bump up the same amount in bonds in deferred accounts.

In the next crisis, sell your taxable for cash and trade bonds for equities in deferred.
by camillus
Wed Apr 08, 2020 12:24 pm
Forum: Personal Finance (Not Investing)
Topic: [Auto insurance companies issuing refunds due to coronavirus]
Replies: 101
Views: 6530

Re: Allstate offers 15% [car insurance] rebate for reduced driving

Had my second car put into “storage” and saved ~$500 off an annual premium in Michigan.
by camillus
Fri Apr 03, 2020 8:54 pm
Forum: Personal Finance (Not Investing)
Topic: Banks doing SBA PPP that actually have the correct process?
Replies: 12
Views: 997

Re: Banks doing SBA PPP that actually have the correct process?

My church just submitted an app through a local bank with which there was an established relationship.
by camillus
Fri Apr 03, 2020 7:40 pm
Forum: Personal Investments
Topic: Blessed with a large bonus.. Save or Invest???
Replies: 37
Views: 3390

Re: Blessed with a large bonus.. Save or Invest???

Since you’re in striking distance of the mortgage, I couldn’t resist paying that off. That makes your 18 month emergency fund a 20 something month emergency fund. If you really wanted to, you could save the rest of your bonus in cash and reassess in 3 months. Set a date on the calendar. You can give...
by camillus
Thu Apr 02, 2020 10:45 pm
Forum: Personal Finance (Not Investing)
Topic: How to allocate 529 contributions among 3 kids?
Replies: 4
Views: 343

Re: How to allocate 529 contributions among 3 kids?

My impression is that GCD is correct, you can roll from one to another account/beneficiary easily. You might want to call up your custodian to verify.

The objective should be to minimize your taxes.
by camillus
Wed Apr 01, 2020 5:31 pm
Forum: Investing - Theory, News & General
Topic: Buying only top 10 S&P500 companies every year
Replies: 55
Views: 3349

Re: Buying only top 10 S&P500 companies every year

It would be a lot more useful to buy the companies that are going to be the top 10 holdings in the SP500.
by camillus
Wed Apr 01, 2020 5:29 pm
Forum: Personal Finance (Not Investing)
Topic: bogleheading my car, opinions please. From a Tesla to a Honda
Replies: 84
Views: 5385

Re: bogleheading my car, opinions please. From a Tesla to a Honda

Hmm. The original purchase of the Tesla is a sunk cost.

Imagine walking into the dealer and they have two cars offered for free for someone with your name. You get to choose: a new Honda or a 5 year old Tesla.
by camillus
Mon Mar 30, 2020 9:36 pm
Forum: Personal Finance (Not Investing)
Topic: how much cash do you keep at home?
Replies: 130
Views: 8594

Re: how much cash do you keep at home?

Here's what I ended up doing for full disclosure: We normally keep $1500 or so in the house. I made daily trips to the ATM for a few days and bumped that up to $2500 or so. I think that's a reasonable, not-crazy number. We'll have a decent chunk to get out of a bind or help someone in some unforesee...
by camillus
Mon Mar 30, 2020 1:08 am
Forum: Investing - Theory, News & General
Topic: How do I avoid falling prey to this potential bear market rally?
Replies: 39
Views: 4270

Re: How do I avoid falling prey to this potential bear market rally?

Whether you DCA or lump sum, I suggest you write down your plan, one that seems acceptable to you, and stick with it. No one here can help you time the market, sorry!
by camillus
Sat Mar 28, 2020 5:17 pm
Forum: Personal Finance (Not Investing)
Topic: how much cash do you keep at home?
Replies: 130
Views: 8594

Re: how much cash do you keep at home?

Personally, I think 2k at home is reasonable if for some reason you lost your wallet or if you suffer identity theft or something. Some cash to help wait while things get sorted out. More than that and I would begin to worry about theft and/or fire. +1 bullmoose Still, the story of WAMU is compellin...
by camillus
Sat Mar 28, 2020 2:47 pm
Forum: Personal Finance (Not Investing)
Topic: how much cash do you keep at home?
Replies: 130
Views: 8594

how much cash do you keep at home?

Curious. How much cash do you keep at home? I was listening to a normally entertaining podcast and I was shocked that the host was seriously suggesting burying cash in the backyard to hedge against mass bank failures. (Some of you may remember Washington Mutual from 2009.) I think most people here w...
by camillus
Sat Mar 28, 2020 2:22 pm
Forum: Investing - Theory, News & General
Topic: Penalty-free withdrawals from 401(k)s
Replies: 37
Views: 3166

Re: Penalty-free withdrawals from 401(k)s

Requiring a test that is not readily available seems problematic. This is a problem, and a frustrating one. I've already experienced something like it. My workplace set aside special "covid time off" - but required a positive test. I called off work for influenza-like symptoms with a fever, but did...
by camillus
Sat Mar 28, 2020 1:53 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 4647
Views: 897050

Re: What's Your Credit Card Rewards Strategy?

The question is how can I spend $1500 while being isolated without buying a bunch of things on Amazon that I don't really need? Prepay utilities Your most used grocery store gift cards prepay charitable giving For example, my household pays about $250/mo for natural gas and electricity, about $500 ...
by camillus
Sat Mar 28, 2020 12:22 am
Forum: Investing - Theory, News & General
Topic: Penalty-free withdrawals from 401(k)s
Replies: 37
Views: 3166

Re: Penalty-free withdrawals from 401(k)s

You can treat it kind of like a qualified charitable distribution, right?

Withdraw 100k from your 401k, reason: you want to help charities harmed by coronavirus.

Contribute 100k into a Donor Advised Fund

Zero tax liability.
by camillus
Fri Mar 27, 2020 11:21 pm
Forum: Investing - Theory, News & General
Topic: [CARES Act] Overview
Replies: 98
Views: 6416

Re: CARE Act Overview

It's interesting to think about a few components of the bill and how they work together. For example, you could set up a charitable gift bunching strategy: 2020 Withdraw $100k in equities in a bad 401k (if you qualify for non-penalty withdrawal) Contribute $100k to a Donor Advised Fund, in equities ...
by camillus
Fri Mar 20, 2020 9:44 pm
Forum: Personal Investments
Topic: No emergency fund during pandemic
Replies: 15
Views: 1998

Re: No emergency fund during pandemic

start saving?
by camillus
Fri Mar 20, 2020 9:25 pm
Forum: Personal Consumer Issues
Topic: Generosity in the time of Coronavirus
Replies: 9
Views: 823

Re: Generosity in the time of Coronavirus

Paid the housecleaner, yes. Basically, we are going to try to balance the same amount of economic activity with local small businesses. That being said, I do feel a little wary about being super generous right now, whereas this thing could last a lot longer and get way worse. I want to be able to sa...
by camillus
Thu Mar 19, 2020 8:00 pm
Forum: Personal Consumer Issues
Topic: Tipping in the time of Coronavirus
Replies: 39
Views: 3188

Re: Tipping in the time of Coronavirus

We bumped our Instacart tip up as “hazard pay.”
by camillus
Wed Mar 18, 2020 3:47 am
Forum: Investing - Theory, News & General
Topic: 20% unemployment?
Replies: 88
Views: 6711

Re: 20% unemployment?

My point is: what does it take to perpetually keep the number of cases small? If it’s what’s currently occurring in the US, on a perpetual basis, then the economy cannot survive this. My understanding: 1st wave: virus infects people before quarantine, people are quarantined late, many people become...
by camillus
Tue Mar 17, 2020 10:23 pm
Forum: Investing - Theory, News & General
Topic: 20% unemployment?
Replies: 88
Views: 6711

Re: 20% unemployment?

My point is: what does it take to perpetually keep the number of cases small? If it’s what’s currently occurring in the US, on a perpetual basis, then the economy cannot survive this. My understanding: 1st wave: virus infects people before quarantine, people are quarantined late, many people become...
by camillus
Tue Mar 17, 2020 10:08 pm
Forum: US Chapters
Topic: [Archived] Bogleheads community discussion - Coronavirus
Replies: 4963
Views: 190759

Re: Optimism amongst the panic and worry

I have finally been able to talk some friends into considering bidets.
by camillus
Tue Mar 17, 2020 6:35 pm
Forum: Investing - Theory, News & General
Topic: Was there any escape? when diversification did not work
Replies: 98
Views: 5338

Re: Was there any escape? when diversification did not work

Regarding cash and without getting too complicated, many bogleheads did have effective diversification via an old school emergency fund.

They may not rebalance out of it, but they are also less likely to “sell” to get to cash, which is the same thing.
by camillus
Sat Mar 14, 2020 10:35 pm
Forum: Personal Finance (Not Investing)
Topic: Time to build emergency fund to 2 years of expenses?
Replies: 16
Views: 1644

Re: Time to build emergency fund to 2 years of expenses?

Here's one of those annoying reversal scenarios: Let's say two weeks ago you maxed out 2020 contributions, and now have a mere 1 year's expenses in cash. Would you be eager to sell funds and pay taxes in order to get to 2 years cash on hand? I don't think you would. I suggest the idea that "not buyi...
by camillus
Sat Mar 14, 2020 10:25 pm
Forum: Investing - Theory, News & General
Topic: Would you invest your HELOC in the market?
Replies: 57
Views: 1926

Re: Would you invest your HELOC in the market?

Nope. That said, here's one of the bogleheads' dirty little secrets. They are perfectly comfortable having someone with a 300k mortgage at 3-4% investing rather than paying down their mortgage. In other words, there is implicit agreement that as long as your home is leverage via home mortgage (but ...
by camillus
Sat Mar 14, 2020 8:54 pm
Forum: Personal Investments
Topic: TIAA Real Estate Movement
Replies: 73
Views: 4421

Re: TIAA Real Estate Movement

The interesting part of the discussion with TREA is what happens when you start noticing REITS move upwards. That's probably what they're taking about at the TIAA board at morningstar.
by camillus
Thu Mar 12, 2020 9:28 pm
Forum: Investing - Theory, News & General
Topic: Would you invest your HELOC in the market?
Replies: 57
Views: 1926

Re: Would you invest your HELOC in the market?

Nope. That said, here's one of the bogleheads' dirty little secrets. They are perfectly comfortable having someone with a 300k mortgage at 3-4% investing rather than paying down their mortgage. In other words, there is implicit agreement that as long as your home is leverage via home mortgage (but n...
by camillus
Thu Mar 12, 2020 1:39 pm
Forum: Personal Investments
Topic: Help a millennial stick to his IPS
Replies: 22
Views: 1337

Re: Help a millennial stick to his IPS

I just made an unplanned contribution 😊
by camillus
Thu Mar 12, 2020 8:37 am
Forum: Personal Investments
Topic: Help a millennial stick to his IPS
Replies: 22
Views: 1337

Re: Help a millennial stick to his IPS

I want to thank you all for your wise advice, particularly from posters with high post counts and good rationale. Thank you. I’m going to stay in the market and put my energy into other things.

It’s weird. I both want to sell and buy badly at the same time.